Saturday , March 6 2021

6 facts about the reference price of 3 kg LPG, here is the calculation: Okezone Economy



JAKARTA – The reference price for LPG of 3 kilograms (kg) for 2020 is set. This is stated in Decree No. 253.k / 12 / MEM / 2020 of the Ministry of Energy and Minerals.

The first wording of the Ministerial Decree states that the reference price for 3 kg LPG is determined on the basis of the price of the current market index for that month (3 kg cylinder for HIP LPG) and distribution costs (including handling) and margin.

Read also: New price for 3 kg of LPG, this is the amount

According to the Minister for Energy and Mineral Resources, Jakarta, on Sunday (17/1/2021), the following facts about changes in the delivery price of 3 kg of liquefied petroleum gas:

1. Depended on a decree of the Minister for Energy and Minerals

Minister of Energy and Mineral Resources Arifin Tasrif set a reference price for 3 kilograms (Kg) of liquefied petroleum gas in 2020. This definition is given in the Energy and Mineral Resources Decree No. 253. K / 12 / MEM / 2020 on the reference price for a liquefied petroleum gas cylinder 3. Kilogram.

2. Calculation of the 3 kg LPG reference price

The first dictionary states in the Ministerial Decree that the 3 kg LPG reference price is determined on the basis of the current market index price for that month (3 kg HIP LPG cylinder) and distribution costs (including handling) and margin.

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“The reference price for LPG in a 3 kg cylinder mentioned in the first word is determined by the formula 103.85% (one hundred and three points eighty-five percent) 3 kg HIP LPG cylinder + USD 50.11 / MT (fifty points eleven US dollars per tonne).) + Rp 1 879.00 / kg (one thousand eight hundred and seventy – nine rupees per kilogram) “, reads the second dictation.

3. The calculation formula can be evaluated

The reference price formula can be assessed at any time by looking at the realization of factors that affect the delivery and distribution of a 3 kg LPG bottle.

4. Use of 3 kg

The standard LPG cylinder price formula for a 3 kg cylinder referred to in the second dictionary is used as a basis for calculating the reference price for a 3 kg LPG bottle.

The determination of the 3 kg LPG reference price takes into account the letter No S-1049 / MK.02 / 2020 of the Minister of Finance dated 12 November 2020 concerning the consideration of the proposed price formula for the 3 kg cylinder LPG reference price.

5. This Decree forms part of Presidential Decree No 104/2007

This decision is part of the implementation of Article 7 of Presidential Decree No. 104 of 2007 on the supply, distribution and pricing of LPG bottles and Article 7 of Presidential Decree No. 38 of 2019 on the supply, distribution and pricing of liquefied petroleum gas for ships. Catcher for target fishermen and water pumping machines for target farmers.

6. When will it happen?

This Ministerial Decree shall enter into force on the date of its enactment and shall apply retroactively from 1 January 2020. This Decree shall be adopted on 22 December 2020.


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